Finance chief becomes latest executive to leave Deliveroo November 28, 2019 Deliveroo’s chief financial officer has become the latest executive to leave the fast-growing food delivery company. Raif Jacobs, who joined Deliveroo in 2018, left the company in early October, according to a spokesperson. Read more: Deliveroo losses deepen in expansion drive Deliveroo has been hit by a string of executive departures this year following an [...]
UK coronavirus home testing kits to be made available ‘within days’ March 25, 2020 Coronavirus home testing kits will be made available in the UK within a matter of days, rather than weeks or months, according to health officials. Professor Sharon Peacock, director of the National Infection Service, told the science and technology committee that 3.5m tests had been bought and would be available “within days”. The coronavirus kits [...]
Two headquarters are better than one: Amazon confirms New York and Virginia will be home to new HQs November 13, 2018 Web giant Amazon has confirmed it will build its new headquarters in New York City and Northern Virginia, after reports earlier this morning. The online retailer has whittled down over 230 proposals, and decided to split its second North American headquarters over two sites. The projects, which were announced today, will create up to 50,000 [...]
UK households to splash out an extra £600m on streaming November 27, 2019 British households are willing to pay an additional £600m each year to stream their favourite films and TV shows following the arrival of a spate of new services, new research has revealed. While Netflix, Amazon Prime and Now TV have so far held dominant positions in the UK, they will soon be competing with the [...]
Church of England will keep Amazon shares despite Archbishop criticism September 14, 2018 The Church of England will hold onto its Amazon stock even after the Archbishop of Canterbury accused the online retail behemoth of “leeching off the taxpayer”. Church commissioners disclosed that Amazon was one of the CoE’s 20 most valuable equity holdings in their annual 2017 report. But they will keep hold of their shares despite [...]
Church of England will keep Amazon shares despite Archbishop criticism September 14, 2018 The Church of England will hold onto its Amazon stock even after the Archbishop of Canterbury accused the online retail behemoth of “leeching off the taxpayer”. Church commissioners disclosed that Amazon was one of the CoE’s 20 most valuable equity holdings in their annual 2017 report. But they will keep hold of their shares despite [...]
Black Friday 2019: Sales up in November after discount event December 3, 2019 Retail sales increased last month thanks to a bumper Black Friday, as shoppers made the most of the pre-Christmas discounting event. November sales figures – adjusted for Black Friday, which fell outside of the British Retail Consortium’s standard recording period – showed 0.9 per cent growth compared to last year. Read more: Black Friday spending [...]
Food delivery apps serve up extra £400m in restaurant revenue December 2, 2019 Food delivery apps such as Deliveroo, Just Eat and Uber Eats are serving up an extra £400m in revenue for European restaurants, according to a new report. Third-party platforms, that customers can use to order food from a variety of restaurants, have also increased profit across the Europe’s restaurant sector, with venues in London seeing [...]
EU pushes for new technology tax on internet giants Facebook, Amazon and Google October 10, 2018 The EU is pushing for a new tax on technology giants such as Facebook, Amazon and Google that it claims could raise £4.4bn a year across Europe. Seven months ago, the European Commission published proposals for a three per cent tax on the revenues of multi-national internet companies with global revenues above £660m a year. [...]
Budget 2020: Chancellor scraps VAT on digital publications March 11, 2020 Digital publications will no longer be liable to VAT charges under new measures outlined by chancellor Rishi Sunak today. In his inaugural Budget speech, Sunak said the so-called reading tax will be abolished from 1 December. This means that any digital publication, including books, newspapers, magazines and academic journals, will no longer be charged VAT. [...]